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The majority of British households expect an interest rate rise this year
after the Bank of England reversed its policy last week, according to a new
survey.

Research by Markit, the data provider, found that 60 per cent of households
believe the Bank will increase rates by Christmas, double the number from a
month earlier.

The change of opinion suggested that last week’s message from Mark Carney, the
Bank’s governor, that a move may come “sooner” than expected got through not
just to markets but to the public at large. The survey, conducted over six
days straddling the governor’s statement,